January 31, 2017 -
In an effor to reduce wait times at the bar while introducing more secure transactions, a music venue in the UK has deployed Sthaler’s biometrics-based payment solution Fingopay, according to a report by Finextra.
The Fingopay reader works by shining a near-infrared light through the user’s finger, which illuminates the finger veins before capturing the final image. Users can then register the unique finger vein pattern as their preferred payment method, at which point the pattern is encrypted into a public key token.
When the user makes a purchase at a point-of-sale terminal, the Fingopay reader compares their vein pattern with the registered template. If the two patterns successfully match, the sale is authenticated.
Sthaler’s finger vein payment solution uses Hitachi’s VeinID technology, which Sthaler has licensed under a 10-year renewable agreement.
The technology first underwent testing in the UK with WorldPay employees in November 2015.
“By removing the need for cash, smartphone or card, this technology will transform the customer experience at Proud Camden,” commented Nick Dryden, chief executive of Sthaler. “It’s quicker, easier and more rewarding too as every customer automatically gets 10% cashback to spend on their next visit.”